Venezuela: Should Chavez give direct payments?

Mr. Monaldi, along with Venezuelan economists Pedro Rodríguez and José Morales, have a better idea. In a paper published in September by the Center for Global Development, they propose offering Venezuelans a plan to replace many of the government’s social programs and subsidies funded by oil revenue with direct, “universal, transparent and regular payments” to citizens.

The authors argue that this “direct distribution mechanism” (DDM) would be a more equitable way to distribute the wealth from the country’s vast oil reserves, and it would make Venezuelans better off. Marketing the idea to the electorate may be one of the few cards the political opposition has left to play.

Ah, but Hugo’ been giving “regular payments” to the Chavistas, the Cubans, and his other cronies in Latin America.

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on Monday, January 28th, 2013 at 7:43 am and is filed under Communism, Hugo Chavez, oil, Venezuela.
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